Insurance Company

An insurance company provides financial protection by offering policies that individuals or businesses purchase to cover potential losses. When a policyholder faces an eligible event, such as an accident, health issue, or property damage, the insurance company pays benefits according to the policy terms. In exchange, the policyholder pays regular premiums. The company's role is to pool risks from many customers, ensuring that funds are available to cover large or unexpected claims, thus helping individuals and organizations manage financial uncertainty and reduce the impact of unforeseen events.